Ground-Floor Residential
For Sale
$340,000
8787 E MOUNTAIN VIEW Road 1039, Scottsdale, AZ 85258
The two-bedroom, two-bath layout includes a private patio, fireplace, and dry bar.
Property Size1,053 SF
Price / SF$322.89
Days on Market195
Property Features for 8787 E MOUNTAIN VIEW Road 1039
General Information
Standard status
Active
Size
1,053 SF
Property subtype
Apartment
Additional Details
Furnished
No
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$977
Amenities
clubhouse
fitness center
greenbelt
pickleball courts
pool
sauna
spa
tennis courts
Building Details
Building Size
1,053 SF
Year Built
1985
Listing Agency:
eXp Realty
Listed By:
Fred P Weaver IV · License #SA554039000
(602) 323-4776
Source:
Bvoluxury
Added: Apr 19
Changed: Oct 29
Last Checked: Oct 26 at 10:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
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Investment Insights
Based on property information with market context.
This 1,053-square-foot ground-floor condominium in Scottsdale has two bedrooms and two bathrooms, with no stairs. Interior features include tile flooring, upgraded cabinetry, granite counters, updated lighting and plumbing, a wood-burning fireplace, and a dry bar. A private patio extends from the family room. The HVAC system was replaced in 2018, and most furnishings may be purchased separately.
Community amenities include three pools and spas, tennis and pickleball courts, a fitness center, clubhouse, and sauna. The property also has direct access to the greenbelt for walking and biking and is near shopping, dining, and everyday services.
Community amenities include three pools and spas, tennis and pickleball courts, a fitness center, clubhouse, and sauna. The property also has direct access to the greenbelt for walking and biking and is near shopping, dining, and everyday services.
Key Highlights
- Ground‑floor unit with two bedrooms and two bathrooms
- 1,053 square feet; built in 1985
- Private patio off the family room, plus a wood‑burning fireplace and dry bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,184
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,680
$243.7K
Cap Rate 7%
$174,057
$174.1K
Cap Rate 9%
$135,378
$135.4K
Market Conditions
NOI Build-Up for 1,053 SF
Gross rent
$23.1K $21.96/SF
− Vacancy
−$971 −$0.92/SF
EGI
$22.2K $21.04/SF
− OpEx
−$10.0K −$9.47/SF
NOI
$12.2K $11.57/SF
Area
Scottsdale, AZ
Vacancy
4.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,680
Cap Rate 7%
$174,057
Cap Rate 9%
$135,378
Alternative Uses
Best Use
Apartment 5plus
$174.1K
$152.3K – $203.1K
NOI $12,184 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$345.7K
$302.5K – $403.3K
NOI $24,197 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,152
Businesses Nearby
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Business Placement
Demographics for 85258, AZ
25,203
Population
15,566
Households
1.6
Avg Household Size
55
Median Age
63%
College-Educated
99%
High-School Grad
10.3 sq mi
ZIP Area
2,447
Density / Sq Mi
$105,171
Median Household Income
$68,184
Median Earnings
$1,945
Median Rent
$744,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The two-bedroom, two-bath layout includes a private patio, fireplace, and dry bar.
Where is this residential income property located?
The property is located at 8787 E MOUNTAIN VIEW Road 1039 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Ground‑floor unit with two bedrooms and two bathrooms; 1,053 square feet; built in 1985; Private patio off the family room, plus a wood‑burning fireplace and dry bar
